Standing Technical Advisory Committee for Defined Contribution (DC) Pension Plans

Meeting summary

Date: Thursday, June 20, 2024
Time: 10:00 a.m. to 11:30 a.m.
Location: Videoconference

This summary sets out the key points discussed at the June 20, 2024 meeting.

General items

  • The committee discussed default options on wind up of DC plans.
  • FSRA will be sending a survey to the TACs to see what is working and what could be improved.

Member-Focused work

  • FSRA updated the committee on the work to date for the third Pension Awareness Day, taking place in February 2025. The committee and FSRA discussed how to increase participation.

E-Blasts

  • FSRA updated the committee on its approach to quarterly Pensions e-blasts and discussed the content and timing.

Examinations

  • FSRA provided an update on the examinations webinar which occurred in May 2024. The webinar had good attendance across the sector and received positive feedback. FSRA is working on FAQs and on developing a landing page on fsrao.ca dedicated to examinations.

Organization update

  • FSRA provided an update to the committee on recent changes to the organizational structure in the Pensions leadership team.

Improving regulatory harmonization across Canada

  • FSRA updated the committee on the work to date CAPSA has done on the Risk Management and Capital Accumulation Plan guidelines.

Stakeholder Advisory Committee

  • FSRA updated the committee that FSRA will be calling for applications to the Stakeholder Advisory Committee. FSRA is looking for new members for that committee.

Next meeting

The next meeting of the committee is scheduled for Fall 2024.

Attendance record

Invited/Attended

Company name

Attendance status
(A)ttended; (R)egrets; (S)ubstitute; (VC)Videoconference; (P)Phone

Tim Thomson

FSRA – Director, Special Transactions and Committee Co-Chair

A

Caroline Helbronner

Blake, Cassels & Graydon LLP and Committee Co-Chair

A

Brian Sweigman

Goodmans LLP

V

David Vincent

Canadian Benefits Law

VC

Dianne Tamburro

Eckler

VC

Kim Francis

Sun Life

VC

Mary Picard

Dentons Canada LLP

A

Michael Long

Willis Towers Watson

A

Michelle Loder

LifeWorks

VC

Nadia Darwish

Desjardins

VC

Paul Webber

Green Benefits Group

R

Thu Truong

Sobeys

VC

Vartkes Rubenyan

Mercer

VC

David Bartucci, Jessica Ramdin, Karima Shajani, Lester Wong, Leticia Cooper, Paul Martiniello, Rhea Tubigan, Stephanie Babb, Sylvie Charest, Vanessa Taylor, Victoria Lesau

FSRA

VC

Jeff Sweeting, Reet Hess

MOF

VC

Disponible en français sur demande.